Ginnie Mae President Ted Tozer noted that investor participation “depends, in part, on a level of confidence that investment returns can be expected to be reasonably aligned with market conditions.”

On average, the California-based GEMBC facilitates roughly $800 million of commercial mortgages a year.

The higher purchase-money estimate – released at the MBA annual in Boston – is predicated on stronger household formations coupled with employment growth and rising wages.

Wedbush's Henry Coffey notes that PHH is “facing a number of challenges,” including a struggle to restore profitability…

Ocwen, which in the past has been sanctioned by regulators for some of it servicing practices, also disclosed $10.0 million of additional reserves for a potential California regulatory settlement and $7.0 million of incremental reserves for a previously disclosed letter dating issue.

Pairing real estate agents with loan brokers? RESPA attorneys start your engines...

At Flagstar, refinances accounted for 57.6 percent of originations compared to 54.2 percent in the second quarter.

But there is one caveat: The VA sector is one business from which banks are not yet running away from…

“Agency MBS prepayment speeds slowed in September, but they still hover near the multi-year highs reached last month,” according to a report from Keefe, Bruyette & Woods.

With rates creeping up, more MSR packages should hit the auction block…